TiMe22 wrote:ralphk wrote:No one that I know that used FT paid $5K upfront. You should definitely negotiate a big discount.
The best offer I received from FT is US$2500 upfront and 31%.... Changes the numbers a little bit, but still, if you have not inflated your prices to accommodate this 31% and a bit to divide the US$2500 invested over the backers they bring in, it will not help your project any bit.
I`ve put a handful of the projects they mention on their website in Kicktraq and some really have 100's of backers (some even 1000's), but most projects more or less double/triple the amount of backers and that just doesn't cover the % and the upfront... It will probably work/benefit you if you setup your project with FT in mind though...
31% commission? It's a huge percentage to give up!